CFTC Rule Submissions

Ms. Jean A. Webb
Secretariat
Commodity Futures Trading Commission
Three Lafayette Centre
1155 21st Street, N.W.
Washington, D.C. 20581

Re: National Futures Association: Proposed Amendments to Articles VII, VIII, X and XVIII of NFA's Articles of Incorporation*

Dear Ms. Webb:

Pursuant to Section 17(j) of the Commodity Exchange Act, as amended, National Futures Association ("NFA") hereby submits to the Commodity Futures Trading Commission ("CFTC" or "Commission") proposed amendments to Articles VII, VIII, X and XVIII of NFA's Articles of Incorporation. The Articles amendments were unanimously ratified by NFA's Board of Directors ("Board") on November 16, 2000, and have since been adopted by a two-thirds vote of those Members actually voting in the Contract Market category and a majority of those Members actually voting in the FCM, LTM, and IB category and the Industry Participant (CPO and CTA) category, including 95 percent of CPOs and 88 percent of CTAs.

Proposed Amendments to Articles VII of NFA's Articles of Incorporation

Proposed Amendments to Articles VIII of NFA's Articles of Incorporation

Proposed Amendments to Articles X of NFA's Articles of Incorporation

Proposed Amendments to Articles XVIII of NFA's Articles of Incorporation

Explanation of Proposed Amendments

NFA intends to make the amendments effective 10 days after receipt of this submission by the Commission unless the Commission notifies NFA within the 10-day period that the Commission has determined to review the amendments for approval.

Respectfully submitted,

Daniel J. Roth
Executive Vice President and General Counsel

cc: Chairman William J. Rainer
Commissioner Barbara Pedersen Holum
Commissioner David D. Spears
Commissioner James E. Newsome
Commissioner Thomas J. Erickson
Phyllis J. Cela, Esq.
John C. Lawton, Esq.
Alan L. Seifert, Esq.
David Van Wagner, Esq.
Riva Spear Adriance, Esq.